34100 Mendocino Pass RoadCoveloCA95428
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Covelo at 34100 Mendocino Pass Road, Covelo, CA, 95428 listed at $985,000 pairs $4,345/mo rent with a $4,821/mo payment. Total monthly income runs $4,345/mo. Return on cash invested measures 13.59% in year one, and rental yield registers 5.29% at a $985,000 basis. Equity gained on principal adds $6,356/yr, and annual property appreciation at 5% supports $272,137 by year five. Five-year ROI tracks 68.89% and total cumulative return in cash totals $223,258. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,345/mo property income relative to a $4,821/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1999
240 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95428, Covelo, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,266 (100%) |
| Owner Occupied HU | 706 (55.8%) |
| Renter Occupied HU | 355 (28.0%) |
| Vacant Housing Units | 205 (16.2%) |
| Median Home Value | $523,148 |
| Average Home Value | $592,365 |
Housing Distribution
Address Breakdown
Residential
454
Single Family
454
Multi-Family
0
Businesses
67
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
No similar price properties found nearby.
Listed by: Forest N Elie • Luxe Places International
Mls Name: BAREIS
Mls ID: #325042664